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20120928
20121006
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. telecommunications fell 0.8%. technology dropped 0.7% and materials fell 0.6% of a percent. for the week all three indices lost ground. the dow fell 1.1% this week. the nasdaq shed 2%. the s&p 500 lost 1.3%. nine of the ten major stock sectors also were also up for the quarter. the quarterly winners included the energy sector up 9.5% even as oil prices have cooled in recent weeks. the consumer discretionary sector was up 7.1% for the quarter. and tech stocks did nicely up 7%. one of the quarter's bright spots was apple. today, c.e.o. tim cook did something rare for apple. he apologized for problems with a product. apple's new maps service has received a lot of criticism and cook admitted the company fell short. shares were down with the broad market. apple dropped 2.1%. volume was heavier than usual. but the stock had a blistering rally this quarter up 17%. shares hit an all-time high earlier this month. one of the companies locked in battle with apple is research in motion. and thanks to better than expected quarterly results last night, shares were very active today. more than 139 million shares
to launch in the first quarter of the year. colin gill sis with us, senior technology analyst at bgc financial, he joins us from that firmment dow agree, results not as bad as feared? >> absolutely. its company lives to fight another day. when you look at the results, there were several glimmers of positive notes you could take away including an increase in the cash position and an increase in the total number of describers. >> i want to ask you about the cash position here because it has been building pretty steadily over the past four quarters and we'll look at that now from 1.5 billion about a year ago to over 2 billion dollars in this last quarter. but when you lead with your cash position as opposed to your business, how strong is the underlying business? >> you know, that is one of the concerns for investors. would the company be burning through its cash and they have not done that they've been able to grow that balance. what that does is it gives a level of comfort to all the stakeholders. customers to their partners, that this company is going to be here, you know, for the fo
: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost four points. and, as suzanne pratt reports there are conflicting views on the state of american manufacturing. >> reporter: from cardboard boxmakers, to icemakers, to uniform manufacturers, factories across t
: oil servicing firm f.m.c. technologies falling 4.3%, energy services company halliburton was down 3.1%, and chevron fell 1.5%. chevron remains less than a dollar below its most recent 52 week high set last month. three of the five most actively traded exchange traded products made small gains. the nasdaq 100 tracking fund put in the biggest gain, up 0.3%. and that's tonight's "market focus." economy, earnings, election, tonight's street critique guest is mark watson of keel management. always great to see you. what is the shape of the economy? is this an economy you really want to take investment risk in? >> we actually think this is the time to start absorbing more risk. you see that even in some of the style indices, contrarian strategies are just now starting to do better because of the liquidity that we're awash in and also the fact that i think we are getting job growth, albeit slowly. things are improving. >> tom: that's the economy. the earnings play here is pet >> tom: that's the economy. the earnings play here is pet smarlx a nice rally and gained momentum back in late may
its stock, falling to a new 52-week low. volume was more than ten times normal. medical technology firm nuvasive also warned its third quarter revenue will be disappointing. the stock fell 32.9%. nuvasive makes implants and devices for spinal surgeries. it said it lost customers to competitors. mimicking what we saw in the broader market, the financial sector e.t.f. saw the biggest gains among the five most actively traded exchange traded products. it was up 1.5%. four of the five most actively traded products were stronger. and that's tonight's "market focus." >> susie: all this week, we have been highlighting the need for job retraining. today, we look at a slightly different problem facing many high-tech start-ups. in spite of the weak economy, there are many firms that cannot fill positions. erika miller went to one soho building where firms gripe they can't hire as fast as they want. >> i've been working here for 221 hours. >> reporter: keith blanchard is one of the newest hires at thrillist, a media company targeting young, hip, urban men. three million subscribers get a dail
science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: israel's prime minister warned again today that iran is well on its way to creating a nuclear weapon and said the world needs to act. benjamin netanyahu spoke at the united nations. as he has often before, netanyahu condemned iran and its nuclear program, and called on other leaders to do the same. >> at stake is not merely the future of my country. at stake is the future of the world. and nothing could imperil our common future more than the arming of iran with nuclear weapons. >> woodruff: the israeli prime minister said the hour is, quote, "getting late" to stop iran as it continues its nuclear work. >> i speak about it now because the iranian nuclear calendar doesn't take time out for anyone or for anything. i speak about it now because when it c
to see what can go wrong than to think of these out of the box things, technology, the way globalization works that can go right. certainly, though, they're still the housing is a problem. it's been stabilizing, i think that's been one of the good things but there is still a lot of mortgages underwater. consumer confidence is up but i wouldn't count on it being so good that it's going to be getting us to 4% growth to where we're feeling really good. what i would like to see? well, first of all, i would like to see tax reform in a way that keeps rates reasonable. i don't know if they can be lowered, and gets rid of deductions. i'd like to see spending on infrastructure that is really going to help us grow. i would like to see improvements in education. policy has been stalled for an extended period and a changing world. and we need to catch up. we have to prepare not just for having next year be good but the next ten years, the next 20 years. >> muhamed el-erian, you spoke about the monies that's sitting on the sidelines and i hear ken rogoff referring to that too. with is it going to tak
. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
Search Results 0 to 7 of about 8